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Latest news about Ola Electric Mobility

Ola Electric Rolls Out Nationwide In-App Service Booking Feature 1 day ago

Ola Electric Mobility has introduced a new digital service offering as part of its Hyperservice initiative. The feature allows customers to book service appointments directly through the Ola Electric app, available nationwide. This move aims to enhance customer experience by reducing wait times, providing a more convenient booking process, and offering easier access to service centers. The initiative reflects the growing trend of digitalization in the electric vehicle industry and Ola Electric's commitment to leveraging technology for improved service offerings.

Ola Electric Shareholders Greenlight Fundraising Initiative with Overwhelming Support 5 days ago

Ola Electric Rolls Out Test Rides for Indigenous 4680 Bharat Cell-Powered Scooters Nov 16, 2025

Ola Electric's Bhavish Aggarwal Increases Share Pledge to 10.11% for External Financing Nov 12, 2025

Ola Electric Shares Slump 14% Amid Technical Downtrend and Mixed Q3 Results Nov 11, 2025

More news about Ola Electric Mobility

09Nov 25

Ola Electric Refutes Battery Technology Theft Allegations, Emphasizes Indigenous Innovation

Ola Electric strongly refutes claims of stealing battery technology from LG Energy Solution, calling them baseless. The company emphasizes its focus on indigenous innovation, highlighting its 4680 Bharat Cell with dry electrode technology, which differs from the alleged leaked pouch cell technology. Ola questions the timing of accusations, suggesting they may be driven by foreign competition fears. The company underscores its commitment to innovation with 720 patent filings, 124 granted patents, and a Rs 2,500 crore investment in India's first operational Gigafactory.

07Nov 25

Ola Electric Faces Credit Downgrade and Technology Theft Accusations

Ola Electric, a major player in India's EV market, is confronting significant challenges. Moody's has downgraded the company's credit rating to CAA1 with a negative outlook, potentially leading to higher borrowing costs and reduced investor confidence. Simultaneously, LG Energy Solution has accused Ola of accessing confidential battery technology through a former researcher, adding to existing legal disputes. Despite these issues, Ola Electric maintains a strong position in India's electric scooter market and has launched its own lithium-ion cell production.

06Nov 25

Ola Electric Achieves Auto Segment Profitability in Q2 FY26, Expands into Energy Storage

Ola Electric reported its first profitable quarter in the auto segment for Q2 FY26, with a positive EBITDA margin of 0.3%. The company's consolidated revenue reached ₹690 crore, delivering 52,666 vehicles. Gross margins expanded to 30.7%, driven by operational efficiencies. Ola launched 'Ola शक्ति', a residential Battery Energy Storage System, projecting ₹100 crore revenue in Q4 FY26. The company's Gigafactory commissioned 2.5 GWh capacity, with plans to reach 20 GWh by FY27. Ola targets 100,000 auto deliveries for H2 FY26 and expects FY26 consolidated revenue of ₹3,000-3,200 crore.

06Nov 25

Ola Electric Reports Auto Business Profitability in Q2 FY26, Discloses Overall Loss for Previous Quarter

Ola Electric reported positive EBITDA of 0.30% in its auto business for Q2 FY26, with auto gross margins expanding to 30.70%. The company delivered 52,666 vehicles and achieved consolidated revenue of ₹690.00 crores. However, for a previous quarter, it reported a net loss of ₹495.00 crore on revenue of ₹1,214.00 crore. Ola Electric launched new products, including the S1fea energy storage system, and commissioned a 2.5 GWh cell manufacturing facility. The company targets approximately 100,000 auto deliveries for H2 FY26 and expects FY26 consolidated revenue of ₹3,000.00-3,200.00 crores. The board approved fundraising initiatives and appointed PricewaterhouseCoopers as Internal Auditors.

05Nov 25

Ola Electric Launches S1 Pro+ with Advanced 4680 Bharat Cell Technology

Ola Electric has started delivering its new S1 Pro+ electric scooter, featuring the indigenously manufactured 4680 Bharat Cell battery pack. The scooter offers improved range, performance, and safety. With a 13 kW motor, it accelerates from 0-40 kmph in 2.1 seconds and has an IDC range of 320 km. The S1 Pro+ comes with dual ABS, disk brakes, and multiple riding modes. Priced at ₹1,90,338 for the 5.2kWh version and ₹1,70,338 for the 4kWh version, it's available in various colors. This launch marks a significant step towards India's energy independence in the EV sector.

30Oct 25

Ola Electric Subsidiary Allots ₹250 Crore Preference Shares in Second Tranche

Ola Electric Technologies Private Limited, a subsidiary of Ola Electric Mobility, has completed the second tranche of its private placement by allotting 25 crore non-cumulative, non-participating 0.001% Series A Optionally Convertible Redeemable Preference Shares (OCRPS) worth ₹250 crore to Ola Cell Technologies Private Limited. The allotment, approved on October 29, 2025, is part of the company's ongoing efforts to strengthen its financial position. This follows the shareholders' approval for variation of IPO proceeds utilization on August 22, 2025. The company has indicated that details of further tranches will be communicated as funds are infused and allotments are made.

29Oct 25

Ola Electric Faces CCPA Investigation Report Amid Ongoing Legal Battle

Ola Electric Mobility is dealing with multiple legal issues, including a CCPA investigation report and a court case regarding the suicide of a former employee. The Karnataka High Court has allowed police to continue their investigation while cautioning against harassment of petitioners. Simultaneously, Ola Electric is preparing for a potential capital raise of up to Rs 1500.00 crores to fund growth initiatives and strengthen its market position.

28Oct 25

Ola Electric Achieves Milestone with ARAI Certification for In-House Battery Technology

Ola Electric Mobility Limited has obtained ARAI certification for its in-house developed 5.2 kWh battery pack with 4680 Bharat Cells, complying with AIS-156 Amendment 4 standards. This makes Ola the first Indian EV manufacturer to receive approval for completely self-developed 4680 Bharat Cell battery packs. The certified battery pack will debut in the S1 Pro+ model. The certification process involved rigorous testing for water resistance, vibration durability, and thermal shock resistance. This development aligns with Ola's vertical integration strategy, aiming to enhance vehicle range and performance, reduce supply chain dependence, and enable scalability at their upcoming Gigafactory.

27Oct 25

Market Insights: Insurance, Banking, Infrastructure, EV, and Renewable Energy Sectors in Focus

Amnish Aggarwal from Prabhudas Lilladher provided insights across multiple sectors. SBI Life expects 13-14% APE growth and 26-28% VNB margins. Kotak Mahindra Bank showed mixed results with 15% credit growth but increased provisions. NCC remains favored in infrastructure despite NHAI order slowdown. PTC Industries could benefit from rising defense spending. Ola Electric raised ₹1,500 crore and is expanding its Hyperservice platform. The EV market is seeing increased competition from TVS and Bajaj. Solar energy shows long-term potential but is not expected to replace thermal power soon.

25Oct 25

Ola Electric Board Greenlights Rs 1,500 Crore Fundraising Plan

Ola Electric Mobility Limited's Board of Directors has approved a proposal to raise up to Rs 1,500 crore through various methods including equity shares and convertible securities. The fundraising options include further public offer, rights issue, qualified institutional placement, and private placement. This decision is subject to shareholder approval via postal ballot and necessary regulatory approvals. The board meeting was held on October 25, 2025, from 6:35 PM to 7:20 PM IST.

25Oct 25

Ola Electric Faces Service Woes in Goa as Scooter Owners Demand Sales Halt

Ola Electric is facing significant challenges in Goa due to ongoing service issues. Over 2,000 vehicles are awaiting repairs at service centers, leading to customer dissatisfaction. Scooter owners have submitted a memorandum to Chief Minister Pramod Sawant, requesting Ola Electric to stop sales until existing repair issues are resolved. The Chief Minister has stated he would look into the matter. This situation could impact Ola Electric's brand image, sales, and customer trust, highlighting the need for a robust after-sales service infrastructure in the rapidly growing electric vehicle market.

23Oct 25

Ola Electric to Consider Fundraising Proposal Amid Recent Controversies

Ola Electric's board will meet on October 25 to consider raising funds through various methods like private placement, QIP, and preferential issue. The company has closed its trading window from October 1 until 48 hours after financial results are declared. This comes amid an ongoing investigation into an employee's suicide, with an FIR filed against CEO Bhavish Aggarwal for alleged abetment. Ola Electric faces challenges as it seeks to maintain its position in India's electric vehicle market.

22Oct 25

Ola Electric Plans Board Meeting to Explore Fund Raising Options

Ola Electric Mobility Limited has scheduled a board meeting for October 25, 2025, to consider and potentially approve a fund-raising proposal. The company is exploring various methods including private placement, qualified institutions placement, and preferential issue, subject to regulatory approvals and shareholder consent. The trading window for the company's securities has been closed since October 01, 2025, and will reopen 48 hours after the declaration of financial results.

20Oct 25

Ola Electric CEO Faces Legal Action Following Engineer's Suicide

Bengaluru police have filed charges against Ola Electric Mobility CEO Bhavish Aggarwal after the suicide of K Aravind, a 38-year-old engineer. Aravind's suicide note accused Aggarwal and supervisor Subrat Kumar Das of mental harassment and financial exploitation. A suspicious bank transfer of ₹17,46,313.00 to Aravind's account two days after his death led to an FIR being filed. Ola Electric has challenged the FIR in the Karnataka High Court, stating Aravind never raised complaints during his tenure and had no direct interaction with top management. The company described the post-death transfer as a final settlement to support the family.

16Oct 25

Ola Electric Enters ₹1 Lakh Crore BESS Market with Ola शक्ति Launch

Ola Electric has entered the ₹1 lakh crore Battery Energy Storage System (BESS) market with 'Ola शक्ति', India's first domestically designed and manufactured residential BESS. The system, powered by Ola's 4680 Bharat Cells, is available in four configurations ranging from 1.5 kWh to 9.1 kWh, with introductory prices starting at ₹29,999. Ola शक्ति offers up to 98% efficiency, automotive-grade safety, and smart features. Reservations start at ₹999, with deliveries scheduled for Makar Sankranti 2026.

14Oct 25

Ola Electric Set to Unveil New Energy Product on October 17

Ola Electric Mobility Limited, India's largest pure-play EV company, has announced the launch of a new product in the energy space on October 17, 2025. The unveiling will be premiered on the company's official social media handles. Ola Electric has notified both NSE (OLAELEC) and BSE (544225) stock exchanges about this event. The company will provide more information on its investor relations website.

06Oct 25

Ola Electric Achieves Milestone with Government Approval for In-House Ferrite Motor

Ola Electric has become the first company in India to receive government approval for its indigenously developed ferrite motor, a crucial component in electric vehicles. This achievement marks a significant milestone in the company's technological self-reliance and positions it as a leader in EV innovation in India. The development of an in-house ferrite motor could reduce Ola's dependency on external suppliers and potentially lead to better control over production and costs. This approval aligns with the government's 'Make in India' initiative and could have far-reaching effects on the Indian EV landscape, including encouraging further localization of EV component manufacturing.

30Sept 25

Ola Electric's Subsidiary OET Secures ₹877.64 Crore Funding Through OCRPS Issuance

Ola Electric Technologies Private Limited (OET), a subsidiary of Ola Electric Mobility Limited, has approved raising ₹877.64 crore by issuing 87.76 crore Series A Optionally Convertible Redeemable Preference Shares (OCRPS) at ₹10 per share. The OCRPS, non-cumulative and non-participating with a 0.001% dividend rate, will be issued to Ola Cell Technologies Private Limited (OCT), another subsidiary of Ola Electric Mobility. This intra-group funding, approved by the board and shareholders, aligns with the company's strategy for operational expansion and technological advancements in the electric vehicle sector.

24Sept 25

Ola Electric's Muhurat Mahotsav Stock Offering Sells Out in Record Time

Ola Electric Mobility's stock offering during the Muhurat Mahotsav event sold out completely within 5 minutes of the event's start. This rapid sellout demonstrates strong investor interest in the electric vehicle manufacturer and could be seen as a vote of confidence in the company's business model and future prospects. The event, typically held during Diwali, highlights the growing traction of the electric vehicle industry in India, with Ola Electric Mobility positioning itself as a key player in this market.

23Sept 25

Ola Electric Launches 'Ola Celebrates India' Campaign with EVs Starting at ₹49,999

Ola Electric unveils 'Ola Celebrates India' campaign, offering electric vehicles at prices starting from ₹49,999. The 'Ola Muhurat Mahotsav' promotion runs for nine days from September 23, with limited daily units. S1 X 2kWh and Roadster X 2.5kW are priced at ₹49,999, while S1 Pro+ 5.2kWh and Roadster X+ 9.1kWh are available at ₹99,999. The campaign aims to make EVs more accessible to Indian households while honoring cultural identity. Ola will announce specific 'Muhurat' time-slots for purchases daily on social media.

19Sept 25

Ola Electric Shares Surge 40% in One Month on Policy Support and Operational Gains

Ola Electric Mobility's shares have rallied 40% in the past month, driven by favorable government policies and improved operational performance. The company filed claims under the Production Linked Incentive (PLI) scheme for its Gen 3 scooters, potentially unlocking significant incentives. The GST Council's decision to maintain a 5% GST rate on electric vehicles further supports the industry. Ola Electric showed improved financial performance with increased gross margins and positive EBITDA margins. The company also secured PLI certification for its Gen-3 scooter portfolio, positioning it for future growth. Despite the recent rally, the stock remains down 33% year-to-date, with mixed technical analyst views on its future performance.

16Sept 25

Ola Electric Reaches 1 Million Production Units, Files Rs 400 Crore PLI Claim

Ola Electric Mobility has become the first Indian pureplay EV company to reach 1 million production units. The company has filed a Rs 400 crore incentive claim under the government's Production-Linked Incentive (PLI) scheme, supported by eligible sales of about Rs 3,000 crore. Ola Electric launched a special edition Roadster X+ to mark the milestone and plans to deliver new models during Navratri. The company is the only two-wheeler manufacturer to receive a PLI incentive last year and has obtained PLI eligibility compliance certification for its Gen 3 scooter portfolio. Despite recent stock gains, Ola Electric has faced challenges over the past year with a -45.73% performance.

12Sept 25

Ola Electric Appoints Abhishek Jain as Company Secretary and Compliance Officer

Ola Electric Mobility has appointed Mr. Abhishek Jain as Company Secretary and Compliance Officer, effective September 12, 2025. Jain, an Associate Member of ICSI with a Diploma in Corporate Governance, brings extensive experience in corporate secretarial functions and regulatory compliance. He has been with Ola Electric since 2024, contributing to fund-raising, acquisitions, and corporate restructurings. The board expressed confidence in Jain's expertise as a valuable asset to the company.

04Sept 25

SoftBank Reduces Ola Electric Stake as Shares Tumble Amid GST Cut Concerns

Ola Electric's stock dropped nearly 8% to Rs 63.71 due to concerns over a recent government decision. The GST on two-wheelers with engine capacity up to 350 cc was reduced from 28% to 18%, potentially impacting electric two-wheeler demand. SoftBank Group reduced its stake in Ola Electric by 2.15%. Despite the decline, some analysts maintain positive outlooks with price targets between Rs 90 to Rs 100. Ola Electric recently received approval under the government's PLI scheme for its Gen 3 S1 scooter lineup.

03Sept 25

Ola Electric Shares Surge 10%, Approach IPO Price of ₹76

Ola Electric Mobility's stock price jumped 10% to ₹67.24, nearing its IPO price of ₹76. The stock has gained 42% since August 22, with five out of six recent sessions showing gains. Trading volume spiked to 75 crore shares, more than double the 20-day average. The stock is now above key moving averages but has entered overbought territory with an RSI of 79. Market capitalization is approaching ₹30,000 crore, with August seeing a 35% surge in share price.

01Sept 25

Ola Electric Shares Surge 13% on PLI Scheme Eligibility and Market Share Recovery Plans

Ola Electric Mobility Ltd. shares jumped over 13% on Monday, continuing a two-week rally with gains exceeding 45%. The stock reached an intraday high of Rs 61.20 before closing at Rs 60.16, up 11.30%. Key factors driving the rally include eligibility for PLI scheme benefits, plans to regain market share, a new bike launch announcement, transition to EBITDA positive, and plans for in-house battery manufacturing. Trading volume was 4.8 times the 30-day average. Despite the recent surge, shares remain down 47.66% over the past 12 months. Analyst sentiment is mixed, with a consensus 12-month price target suggesting a 22.7% upside potential.

30Aug 25

Ola Electric Shares Surge 31% in August on PLI Certification and Investor Interest

Ola Electric Mobility experienced a 31% stock price increase in August, its largest monthly gain since listing. The surge was driven by securing Production-Linked Incentive (PLI) certification for Generation 3 scooters, making the company eligible for government incentives of 13-18% on determined sales value until 2028. Increased institutional investor interest, evidenced by nearly 10 bulk deals, also contributed to the rally. The company reported an operating profit in June, further boosting investor confidence. This positive performance follows a period of challenges, including a 69% stock decline from all-time highs due to market share concerns and product quality issues. Ola plans to start battery manufacturing in late October, potentially strengthening its market position.

28Aug 25

Ola Electric Shares Surge 4% on PLI Certification for Gen 3 Scooters

Ola Electric Mobility Ltd. shares rose nearly 4% for the third consecutive session after receiving Production Linked Incentive (PLI) scheme certification for its Gen 3 scooter portfolio. The Automotive Research Association of India granted 'Certification for Compliance' to all seven models in Ola's S1 Gen 3 scooter lineup. This certification makes Ola eligible for government incentives ranging from 13% to 18% of determined sales value until 2028. The stock traded 2.72% higher at Rs 52.20, with trading volume 2.3 times the 30-day average. However, the stock has declined 58.47% over the past 12 months. Analyst ratings for Ola Electric are mixed, with 3 Buy, 2 Hold, and 3 Sell recommendations.

26Aug 25

Ola Electric Secures PLI Certification for Gen 3 Scooters, Eyes Profitability Boost

Ola Electric Mobility has obtained Production Linked Incentive (PLI) certification for its Gen 3 scooter range from the Automotive Research Association of India. This certification covers all seven models in the S1 Gen 3 portfolio and is expected to improve the company's profitability from Q2 FY26. Ola will be eligible for incentives ranging from 13% to 18% of determined sales value until 2028. The company has also announced new models, including the S1 Pro Sport and Roadster X+, with deliveries scheduled to begin in 2026 and during the upcoming Navratri festival, respectively.

23Aug 25

Ola Electric Stock Surges Amid Volatility and Corporate Developments

Ola Electric Mobility Ltd. saw significant stock fluctuations over three days, with an 18.70% surge followed by declines of 8.30% and 3.30%. Despite volatility, investor interest grew with delivery percentage increasing from 18.25% to 25.45%. The company launched a new bike model, achieved EBITDA positive status, and developed in-house battery plans. Their new battery system offers a 15-year lifespan and quick charging capabilities. Recent earnings reports showed reduced losses. In its AGM, Ola Electric appointed new auditors, re-appointed a director, and approved resolutions regarding IPO proceeds utilization.

21Aug 25

Ola Electric Shares Plunge 7% as Sales Lag, but Helios Mutual Fund Adds to Portfolio

Ola Electric's shares dropped 7.2% to Rs 49.48 following VAHAN registration data showing the company's sales falling behind competitor Ather Energy. Ola recorded 9,522 vehicle registrations compared to Ather's 10,248 as of August 20. The decline comes after a recent two-day rally that had pushed the stock up by 29%. The company reported a consolidated net loss of 428 and revenues of 828 in its recent quarterly results, with gross margins improving to 26%. Despite market challenges, Helios Mutual Fund has added Ola Electric to its portfolio, citing potential in the EV two-wheeler space.

20Aug 25

Ola Electric Shares Surge 23% in Three Sessions Despite Market Share Decline and Poor Quarterly Results

Ola Electric Mobility's stock rallied 23% over three trading sessions, with a 15% gain on Wednesday following founder Bhavish Aggarwal's Sankalp Day announcements. Block deals of 2.4 crore shares occurred at prices between Rs 45.40 and Rs 49.60. Trading volume reached 8.9 times its 30-day average, with RSI at 79. However, the company faces challenges including declining EV market share and poor quarterly results, with revenue dropping 49.6% and widening losses. The stock has fallen 63.42% over the past year. Analyst recommendations are mixed, with an average price target suggesting a 6.1% downside.

20Aug 25

Ola Electric Witnesses Rs 48.13 Crore Block Trade on NSE

A significant block trade of Ola Electric Mobility shares occurred on the National Stock Exchange. The transaction involved 8,979,301 shares traded at Rs 53.60 per share, totaling Rs 48.13 crore. This block trade, typically executed between institutional investors, may indicate strategic moves by large investors but doesn't necessarily impact the company's operations.

19Aug 25

Ola Electric Shares Surge 8.5% Amid GST Reform Concerns

Ola Electric Mobility shares jumped 8.5% to Rs 44.70 on Tuesday, with 2,482.59 lakh shares traded on NSE. This surge comes despite concerns over proposed GST reforms that could impact the EV sector. The government is considering reducing GST on small cars from 28% to 18%, potentially widening the price gap between EVs and ICE vehicles. Analysts from HSBC Global Research and Nomura warn of possible negative implications for EV companies. Ola Electric reported a consolidated net loss of Rs 428.00 crore for Q2 2025, up 23% year-over-year, while revenue declined 49.60% to Rs 828.00 crore.

18Aug 25

Ola Electric Unveils Indigenous Lithium-Ion Cell, Boosts Vertical Integration

Ola Electric has begun integrating its in-house developed 4,680 Bharat Cell into its vehicles, marking India's first indigenously developed lithium-ion cell. The Bharat Cell offers over 15 years of battery life, 5 times the capacity of competing cells, and 80% charging capability within 15 minutes. Ola also introduced new products including the Pro Sport Scooter, ferrite motor technology, MoveOS6 software, and a prototype of the Diamond Head electric motorcycle. These advancements aim to strengthen Ola's market position and improve profit margins in India's electric vehicle market.

15Aug 25

Ola Electric Unveils 'India Inside' Vision with Cutting-Edge Products and Technologies

Ola Electric showcased several innovations at its annual संकल्प 2025 event, including the integration of the 4680 Bharat Cell, India's first indigenously developed Lithium-ion cell. The company launched two new products: the S1 Pro Sport scooter and the Roadster X+ electric motorcycle. Ola also unveiled India's first indigenously developed ferrite motor without rare-earth magnets, introduced the AI-powered MoveOS 6 operating system, and announced Project Diamondhead, a futuristic motorcycle. The company's 'India Inside' vision emphasizes local innovation and manufacturing, with plans for a modular Gen 4 platform to support future vehicle development.

13Aug 25

Ola Electric Gears Up for Sports Scooter Launch on Independence Day

Ola Electric Mobility Ltd. plans to enter the sports scooter segment, with an unveiling expected at their annual 'Sankalp' event on August 15. The new offering may feature AI integration using Ola Krutrim technology. This launch follows their recent Gen 3 scooter portfolio introduction, which includes advanced features like brake-by-wire technology and dual ABS. The move puts Ola in competition with established models like TVS Ntorq, Yamaha Aerox, and Aprilia SR160 in the growing sports scooter market.

08Aug 25

Ola Electric Shares in Focus as 441.8 Million Shares Exit Lock-in Period

Ola Electric Mobility's one-year lock-in period expiration will release 441.8 million shares, representing 10% of the company's total outstanding equity, into the market for potential trading. This event could increase liquidity and potentially lead to short-term selling pressure. Market participants will closely monitor factors such as stake retention by large shareholders, trading volume, price movements, and institutional interest to gauge the impact on the stock's performance.

05Aug 25

Ola Electric Gears Up for 'Sankalp 2025' Event at Gigafactory, Unveiling 'India Inside' Vision

Ola Electric Mobility Limited will host its annual 'Sankalp' event on August 15, 2025, at its Gigafactory in Krishnagiri. The event, named 'Sankalp 2025', will be the first public event at India's first lithium-ion cell manufacturing facility. Ola will reveal its 'India Inside' vision, showcasing products and technologies. The event will be live-streamed on Ola's official channels. Ola Electric operates over 4,000 stores nationwide and maintains R&D facilities in India, UK, and US. The company focuses on vertical integration of EV technology and manufacturing, including battery cells.

30Jul 25

Ola Electric Seeks ₹1,000 Crore High-Yield Debt Amid Market Challenges

Ola Electric Mobility Ltd is in preliminary talks to raise ₹1,000 crore ($116 million) through high-yield debt financing for working capital. The potential 36-month debt could carry an interest rate of 17.50% to 20.00%. This move comes as the company faces a 50% share price decline, decreasing market share post-IPO, and reputation issues due to scooter fire incidents. Founder Bhavish Aggarwal has increased collateral for share-backed borrowings to boost investor confidence. The company describes the capital raising as routine business practice.

25Jul 25

Ola Electric Board Approves IPO Proceeds Variation and Appoints New Secretarial Auditors

Ola Electric's Board of Directors has approved changes in the utilization of IPO proceeds and extended the time limit for fund use, subject to shareholder approval. The company appointed M/s. BMP & Co. LLP as Secretarial Auditors for five years starting April 1, 2025, pending AGM approval. The board meeting occurred on July 25, 2025, from 8:15 PM to 8:45 PM IST.

23Jul 25

Ola Electric Shares Surge 7% Amid Block Deal and Future Projections

Ola Electric Mobility shares rose over 7% on Wednesday, ending a six-day decline. A block deal of 15 lakh shares worth ₹7 crore occurred. The company projects FY2026 revenue of ₹4,200-4,700 crore, with 3.25-3.75 lakh unit sales and 35-40% gross margins. Q1 results showed widened losses but sequential improvements. The auto segment achieved EBITDA positivity in June.

16Jul 25

Ola Electric Reports Strong Q1 FY26 Results, Achieves EBITDA Positive Auto Segment

Ola Electric Mobility achieved revenue of ₹2,211.48 crore in Q1 FY26, a 21.60% quarter-on-quarter increase. Gross profit per vehicle rose to ₹31,000. The auto segment became EBITDA positive in June 2025. The company delivered 68,000 vehicles, with the Gen 3 platform accounting for 80% of sales. Ola Electric aims to sell 3.25-3.75 lakh vehicles in FY26 and plans to launch 4680 cell vehicles by the festive season.

15Jul 25

Ola Electric Surges 20% on Q1 Results: EBITDA Positive in June Amid Analyst Caution

Ola Electric Mobility's shares jumped 20% following better-than-expected Q1 results. Revenue grew 35.50% to ₹828.00 crore, losses narrowed to ₹428.00 crore, and gross margins expanded to 25.60%. The auto segment turned EBITDA positive in June. Vehicle deliveries increased 32.70% to 68,192 units. The company's cost optimization initiative reduced monthly auto operating expenses significantly. New Gen 3 scooters accounted for 80% of sales. Ola Electric expects to sell 325,000 to 375,000 vehicles this fiscal year with revenue projections of ₹4,200.00 - ₹4,700.00 crore. However, analysts advise caution due to market share concerns and industry shifts.

14Jul 25

Ola Electric Anticipates Positive Auto EBITDA in Q2, Projects Cash Flow Positivity by FY26

Ola Electric Mobility reported Q1FY26 revenue of ₹828 crore with 68,192 E2W deliveries. Auto segment gross margin was 25.60%, while consolidated EBITDA margin stood at -28.60%. The company expects positive Auto EBITDA in Q2FY26, projecting FY26 vehicle sales of 325,000-375,000 units and revenue of ₹4,200-₹4,700 crore. Ola plans to produce rare earth-free motors and begin using in-house 4680 cells. The company saw increased adoption of Gen 3 scooters and MoveOS+ software package.

14Jul 25

Ola Electric Reports Steep Revenue Decline and Widening Losses in Q1

Ola Electric Mobility's Q1 financial results show a 49.60% decrease in revenue to ₹828.00 crore, down from ₹1,644.00 crore in the previous year. The company's EBITDA loss increased to ₹170.00 crore, while consolidated net loss expanded to ₹430.00 crore. Despite challenges, Ola Electric maintains ₹2,563.00 crore in fixed deposits and ₹31.00 crore in monitoring accounts. The Board has approved raising up to ₹1,700.00 crore through debt securities to strengthen its financial position.

14Jul 25

Ola Electric: Maharashtra Stores Operating Without Proper Licenses

Ola Electric Mobility is facing regulatory challenges in Maharashtra, with approximately 350 stores operating without proper licenses. The State Transport Department has taken action against some stores and directed Ola Electric to apply for necessary licenses. Store operations will only be permitted once approvals are secured. This situation could impact Ola's operations and growth strategy in Maharashtra, potentially leading to disruptions in sales and distribution channels.

14Jul 25

Ola Electric Seeks $120-140 Million Through Private Credit

Ola Electric Mobility, the EV arm of Ola, is raising $120-140 million through private credit. The funds aim to support ongoing operations and potential expansion in the competitive EV market. This move could strengthen Ola Electric's position in India's growing electric vehicle industry, possibly funding operations, expansion, R&D, and production capabilities.

14Jul 25

Ola Electric Mobility: Shares Surge 16% on Improved Q1 FY24 Results

Ola Electric Mobility, India's leading EV manufacturer, released Q1 FY24 results showing narrowed net loss and sequential revenue growth. The company reported improved gross margins and EBITDA-positive auto segment. Shares surged 16% in response to the positive performance. Full-year EBITDA margin is projected to improve to 5%.

11Jul 25

Ola Electric Stock Plummets to Record Low Ahead of Q1 Results

Ola Electric Mobility's stock price has plummeted to a record low of ₹39.76, marking a 75.00% decline from its peak. This sharp decline comes ahead of the company's Q1 results announcement and follows disappointing Q4 results that showed widened losses and decreased revenue. Despite delivering 3.59 lakh vehicles and reporting adjusted revenue of ₹4,665.00 crore, investor confidence has eroded. The upcoming Q1 results will be crucial for the company to potentially stabilize its stock price and regain investor trust in the competitive electric vehicle market.

10Jul 25

Ola Electric Shares Plummet to Record Low Amid Block Deal

Ola Electric Mobility's stock price dropped 1.20% to an all-time low of ₹39.90 after a block deal involving 1.29 million shares. The company has been struggling with poor financial performance, reporting increased losses and decreased revenue. Since its IPO, the stock has declined by 47.50% and is down 75.00% from its 52-week high, raising concerns about the company's market positioning and ability to achieve profitability in the competitive electric vehicle sector.

08Jul 25

Ola Electric Mobility Rolls Out MoveOS 5 Software Update

Ola Electric Mobility has launched the mass roll-out of MoveOS 5, its latest software update for electric vehicles. While specific details are not yet disclosed, the update is expected to bring significant improvements in areas such as performance optimization, battery management, user interface, safety features, and connectivity. This move demonstrates Ola's commitment to continuous innovation in the competitive electric vehicle market.

02Jul 25

OLA Electric Shares: Block Trade Worth Rs 81.33 Crore Executed on BSE

A significant block trade of Ola Electric Mobility shares occurred on the Bombay Stock Exchange. Approximately 19,317,770 shares were traded at Rs 42.10 per share, totaling Rs 81.33 crore. This large-scale transaction has drawn attention in the market, potentially signaling shifts in institutional holdings or strategic moves by major shareholders. The specific parties involved and their motivations remain undisclosed.

25Jun 25

Ola Electric Mobility Shares Plunge 72% from Peak as Q4 Losses Mount

Ola Electric Mobility's shares hit an all-time low of ₹43.16, down 72% from their peak of ₹157.40. The company reported a Q4 net loss of ₹870.00 crore and a 62% year-on-year revenue decline. Vehicle deliveries dropped to 51,375 units in Q4, a 55% decrease from the previous year's 1.15 lakh units. A recent block deal saw 0.8% of company equity change hands.

23Jun 25

Ola Electric Mobility Shares Slump 6% Amid Fresh Block Deal

Ola Electric Mobility Ltd's shares fell over 6% following a block deal of 2.41 crore shares (0.55% equity) at ₹44.00 per share, totaling ₹107.00 crore. This follows a recent ₹731.00 crore block deal where Hyundai Motor Company sold its stake. The company reported wider Q1 net losses and a 62% year-over-year revenue decline, but projects growth for the next quarter.

18Jun 25

Ola Electric Launches 0% Commission Model Amid Financial Challenges

Ola Electric Mobility has implemented a nationwide 0% commission model, allowing drivers to keep 100% of their fares. This move comes as the company faces financial difficulties, with its latest quarterly results showing widened losses of Rs 870.00 crore and a 62% year-over-year revenue decline to Rs 611.00 crore. Vehicle deliveries also decreased to 51,375 units from 115,000 in the same quarter last year. Despite these challenges, Ola Electric's annual performance includes 3.59 lakh unit deliveries and an adjusted revenue of Rs 4,665.00 crore.

05Jun 25

EU Official Cautions on China's Economic Growth Impact

Maros Sefcovic, a high-ranking EU official, has expressed concerns about the potential consequences of China's robust economic growth on the European economy. The statement highlights the complex relationship between the two economic powerhouses and the challenges ahead. Potential areas of impact include trade dynamics, competitive pressures, investment patterns, and the technological race. While no specific policies were outlined, the EU may need to consider strategies to strengthen European competitiveness, enhance economic resilience, foster innovation, and develop balanced trade relationships with China.

05Jun 25

Ola Electric: Founder Pays Rs 20 Crore to Maintain Share Pledge Amid Stock Price Decline

Bhavish Aggarwal, founder of Ola Electric, has paid ₹20 crore to maintain a share pledge related to a ₹250 crore raise for his AI venture Krutrim Data Center Pvt. This move was to top up collateral for borrowings against shares. Following this news, Ola Electric Mobility Ltd. shares fell by 1%.

04Jun 25

Ola Electric Shares Plummet 42% YTD, Becoming Worst Performer in Nifty Midcap 150

Ola Electric Mobility Ltd. has experienced a 42% decline in stock value year-to-date, making it the worst performer in the NSE Nifty Midcap 150 index. Hyundai and Kia sold shares worth ₹690 crore, with Hyundai completely exiting its position. Citigroup, however, purchased shares worth ₹437 crore. Analyst opinions are divided, with 43% revising their price targets in the past month, indicating uncertainty about the company's future prospects.

03Jun 25

Ola Electric Shares Tumble 7% Amid Reports of Hyundai's Stake Sale

Ola Electric's stock dropped 7.00% following reports of a large block deal involving 14.22 crore shares (3.23% of equity) at ₹51.40 per share. Market sources suggest Hyundai Motor Company is likely selling part of its stake in the Indian EV manufacturer, though the extent of divestment is unclear. This potential stake reduction by a major investor has significantly impacted market sentiment towards Ola Electric.

03Jun 25

Ola Electric Mobility: Hyundai Motor Likely Seller in ₹731 Crore Block Deal

Ola Electric Mobility experienced a significant block deal worth ₹731 crore, involving 14.22 crore shares (3.23% of total equity) at ₹51.40 per share. Market sources suggest Hyundai Motor Company as the likely seller. The transaction led to a 7% decline in Ola's stock price. This deal may impact the company's ownership structure and strategic direction, raising questions about market confidence in the electric vehicle manufacturer.

31May 25

Ola Electric Shares Tumble 4.5% on Weak Q4 Results and Market Share Loss

Ola Electric's shares fell 4.5% following disappointing Q4 results. The company reported widening losses of ₹870.00 crore and a 41.50% revenue decline. Ola also lost market share to competitors TVS and Bajaj Auto in May. Analysts have mixed views: Kotak downgraded the stock to 'Sell' with a ₹30.00 price target, while Goldman Sachs maintains a 'Buy' rating but lowered its target to ₹70.00.

30May 25

Ola Electric Faces Challenges: Revenue Plunges, Losses Widen as Kotak Securities Slashes Target Price

Ola Electric reported a 61.8% year-over-year decline in operating revenue to ₹611.00 crore. Net loss expanded to ₹870.00 crore. Vehicle deliveries dropped to 51,375 units, and market share fell to 18% from 38% a year earlier. Kotak Securities cut Ola's price target by 40% to ₹30. Despite challenges, Ola forecasts Q1 revenue of ₹800.00-850.00 crore with 65,000 vehicle deliveries.

29May 25

Ola Electric Gears Up for In-house Battery Cell Production

Ola Electric plans to begin using its own battery cells in its vehicles within the next few months. This strategic move aims to enhance vertical integration, reduce dependence on external suppliers, and potentially improve vehicle quality and performance. The transition could lead to cost efficiencies, better quality control, customization opportunities, and increased supply chain resilience.

29May 25

Ola Electric Reports Q4 Revenue Decline and Increased Losses, Outlines Future Plans

Ola Electric's Q4 results show a 61.76% year-over-year revenue decline to ₹6.11 billion and doubled net losses to ₹8.70 billion. The company announced plans to improve gross margins to 35% by Q2 FY26, expand Gigafactory production, raise ₹17 billion in non-dilutive debt, and increase warranty provisions by ₹2.50 billion. Some product launches will be delayed as Ola focuses on scaling revenue and improving operating leverage in FY26.

29May 25

Ola Electric Reports Widening Losses and Revenue Decline in Q4

Ola Electric Mobility's Q4 results show significant financial challenges. The company's consolidated net loss expanded to Rs 870.00 crore from Rs 416.00 crore year-over-year. Revenue dropped by 61.70% to Rs 611.00 crore, while EBITDA loss doubled to Rs 695.00 crore. These results contradict earlier claims of achieving operational profitability and align with ICRA's recent downgrade of Ola's rating to BBB+ with a negative outlook.

22May 25

Ola Electric Approves Rs 1,700 Crore Debt Funding Proposal

Ola Electric's board has approved raising up to Rs 1,700 crore (approximately $205 million) through various debt instruments including term loans, non-convertible debentures, and other debt securities. The funds will be raised via private placement within shareholder-approved borrowing limits. This significant capital infusion is likely aimed at expanding production capacity, investing in R&D, strengthening charging infrastructure, and enhancing the product portfolio in the rapidly growing Indian electric vehicle market.

20May 25

Ola Electric to Consider Fundraising Proposal on May 22

Ola Electric, the EV arm of ride-hailing company Ola, has announced a board meeting on May 22 to evaluate a fundraising proposal. While details about the size and purpose of the potential fundraise remain undisclosed, it could support various aspects of the company's operations including R&D, manufacturing expansion, charging infrastructure, and market growth efforts. This move comes amid rapid growth and increasing competition in India's electric vehicle market.

20May 25

Ola Electric to Consider Fundraising via NCDs Amid Stock Slump

Ola Electric Mobility Ltd. has announced a board meeting on May 22 to discuss potential fundraising through non-convertible debentures (NCDs) or other debt instruments via private placement. This move comes as the company's stock trades at 52.56, significantly below its IPO price of 76.00. The fundraising initiative aims to strengthen the company's financial position, fund growth initiatives, and demonstrate market confidence without diluting existing shareholder equity.

06May 25

Ola Electric Mobility Clarifies Perpetual License for 'Ola' Brand in Global EV Operations

Ola Electric Mobility Limited has issued a clarification regarding its license to use the 'Ola' brand for its electric vehicle (EV) business. The company holds a perpetual, royalty-free, non-exclusive, non-transferable, non-assignable, and revocable license for certain intellectual property, including the 'Ola' logo and word-mark. This license, granted under a Business Transfer Agreement dated January 18, 2019, allows Ola Electric to use the brand globally for its EV operations. The company emphasized that this information was previously disclosed in its prospectus and reaffirmed its commitment to compliance and transparent communication with stakeholders.

05May 25

Ola Electric Mobility Clarifies Perpetual License for 'Ola' Brand in EV Business

Ola Electric Mobility Limited has issued a clarification regarding its license to use the 'Ola' brand in its electric vehicle business. The company holds a perpetual, royalty-free, non-exclusive license for certain intellectual property, including the logo and word-mark 'Ola', valid globally for its EV operations. This license originates from a 2019 Business Transfer Agreement with ANI Technologies Private Limited. The clarification addresses recent media speculation about potential changes in intellectual property ownership.

05May 25

Ola Electric: Brand Ownership Clarified Amid Restructuring and Credit Rating Challenges

Ola Electric Mobility Ltd. has clarified its ownership of the 'Ola' brand amid reports of potential transfer to the founder's family office. The company asserts it holds a perpetual, royalty-free license for the brand in its EV business. Meanwhile, its subsidiary, Ola Cell Technologies, has been downgraded by ICRA from A3 to BBB- with a negative outlook due to increased competition, delayed profitability, and the parent company's weakening credit profile. The downgrade highlights execution risks, demand uncertainty, and raw material challenges in the EV sector.

03May 25

Ola Electric Faces Dual Challenges: Credit Downgrade and Regulatory Scrutiny

Ola Electric Technologies is experiencing significant challenges. Icra Ltd downgraded the company's debt rating due to sharp sales decline, widening losses, and cash burn concerns. April 2023 saw electric scooter registrations nearly halve to 19,709 units. FY23 losses are projected to reach ₹1,900-2,000 crore. The company faces intense competition and regulatory scrutiny. Ola Electric clarified recent allegations, stating that reported trades were routine ESOP transactions, not open market purchases.

02May 25

Ola Electric Faces Regulatory Scrutiny: Roadster X Delayed Amid SEBI Probe

Ola Electric, a leading Indian EV manufacturer, is under SEBI investigation for alleged insider trading and related-party transactions. The company has also delayed the delivery of its Roadster X motorcycle to May 2025, marking the second postponement. Additionally, Ola Electric's sales reporting practices have come under scrutiny after including 1,395 undelivered Roadster X bookings in February sales data.

30Apr 25

Ola Electric Sets May 2025 for Roadster X Motorcycle Deliveries

Ola Electric has officially announced that deliveries for its Roadster X motorcycle model will begin in May 2025. The company disclosed this information in a filing to the National Stock Exchange of India and BSE Limited on April 30, 2025, following an earlier intimation on April 11. This announcement provides clarity to customers and investors, demonstrating Ola's commitment to transparency and offering a concrete timeline for production and logistics planning.

29Apr 25

SEBI Investigates Ola Electric's Sales Disclosures Amid Festive Offers

SEBI has launched an investigation into Ola Electric's reported sales figures, focusing on potential discrepancies in February 2025 data. The probe comes as Ola introduces festive offers, including discounts up to ₹40,000 on its S1 portfolio. Despite the scrutiny, Ola continues expansion efforts, initiating same-day delivery programs and beginning production of its Roadster X motorcycle series.

28Apr 25

Ola Electric Launches '72-Hour Electric Rush' with Festive Offers and Extended Warranty

Ola Electric announces a 72-hour 'Electric Rush' event for Akshaya Tritiya, offering discounts up to ₹40,000 on its S1 electric scooter portfolio. The promotion includes free extended warranty on Gen 2 and Gen 3 models, with reduced starting prices. Gen-2 models now start at ₹67,499, while Gen-3 models begin at ₹73,999. The company also introduces #HyperDelivery, a same-day delivery service piloting in Bengaluru. The offer is valid from April 28 to April 30, 2025. Additionally, Ola Electric has launched its first Roadster X motorcycle with advanced features like brake-by-wire technology and Smart MoveOS 5.

26Apr 25

Ola Electric Faces Multiple Regulatory and Operational Challenges

Ola Electric is encountering significant challenges. The company faces regulatory scrutiny from CCPA and SEBI, has missed PLI scheme targets for battery production, and is experiencing delays in e-motorcycle homologation. Its experience centers in Maharashtra have received shutdown orders. These issues have contributed to a dramatic market share drop from 49% to 23%, potentially impacting investor confidence.

25Apr 25

Ola Electric Denies Knowledge of Store Closures Amid Regulatory Scrutiny

India's Transport Ministry has directly confronted Ola Electric, a leading EV manufacturer, regarding missing trade certificates. The company has received notices in four states but denies knowledge of any closure orders for its Maharashtra showrooms. This unprecedented action could have significant implications for Ola Electric's regulatory compliance, reputation, and the broader EV industry in India, potentially leading to increased scrutiny and stricter policies across the sector.

24Apr 25

Ola Electric Under Scrutiny: Transport Ministry Issues Showcause Notice Over Trade Certificates

The Indian Transport Ministry has issued a showcause notice to Ola Electric Mobility Ltd., demanding information on trade certificates, store operations, and vehicle deliveries within seven days. This action signals increased regulatory oversight in the EV sector and could have implications for Ola Electric's operations and market perception. The company must address concerns about regulatory compliance or face potential adverse action.

24Apr 25

Kirloskar Pneumatic Reports 33.9% Surge in Q4 Net Profit

Kirloskar Pneumatic Company announced a significant increase in its fourth-quarter net profit, rising 33.9% year-over-year to 806.00 million rupees from 602.00 million rupees. The company's strong financial performance suggests potential benefits from increased demand, operational efficiency improvements, favorable product mix, and effective cost control measures.

22Apr 25

Ola Electric Faces Regulatory Heat: Maharashtra Cracks Down on Unlicensed Stores

Maharashtra Transport Department has ordered the closure of over 100 unauthorized Ola Electric stores. 104 show cause notices were issued, 43 stores were closed down, and 214 vehicles were seized. The department demands an explanation from Ola Electric for non-compliance with regulatory requirements. This action could impact Ola's sales and distribution in one of India's largest markets and serves as a wake-up call for the entire EV industry regarding regulatory adherence.

21Apr 25

Ola Electric Faces Setback as Maharashtra Cracks Down on Unauthorized Stores

Ola Electric, a leading Indian EV manufacturer, is facing regulatory challenges in Maharashtra. The state government has ordered the closure of Ola Electric stores operating without proper trade certificates. Out of 131 stores inspected, 104 were found non-compliant, with 43 already closed and 214 scooters seized. This action could significantly impact Ola Electric's retail presence and sales in the region, potentially leading to disrupted sales, increased regulatory scrutiny, and affected consumer confidence. The incident highlights the importance of regulatory compliance in the growing EV sector and may have industry-wide implications.

16Apr 25

Olectra Greentech Poised to Benefit from Government's Massive Electric Bus Tender

The Indian government is set to launch a tender for 10,000 electric buses to be deployed across nine major cities. This initiative presents a significant opportunity for Olectra Greentech Limited, a key player in electric bus manufacturing. The large-scale procurement aims to promote sustainable urban transportation and reduce carbon emissions. While the tender details are yet to be announced, this move could potentially impact Olectra Greentech's growth and market position in the EV sector.

11Apr 25

Ola Electric Accelerates EV Revolution with First Roadster X Roll-out

Ola Electric has rolled out its first Roadster X motorcycle from its Futurefactory in Tamil Nadu. The series features industry-first innovations like brake-by-wire technology, flat cables, and a mid-drive motor. The Roadster X offers various models with battery capacities ranging from 2.5 kWh to 9.1 kWh, priced between ₹84,999 and ₹184,999. The top-end model boasts a 501 km range. Deliveries are set to begin in April 2025.

09Apr 25

Ola Electric Revamps Distribution Strategy, Rehires EY for Network Optimization

Ola Electric has rehired consulting firm EY for the second time in six months to strengthen its expanded distribution strategy. The company is implementing a direct-to-store retail model, eliminating warehouses from the distribution chain to improve delivery times and inventory management. This move comes amid challenges including sales figure discrepancies under investigation and regulatory compliance issues revealed by recent raids on Ola Electric stores.

09Apr 25

Ola Electric Bolsters Compliance and Expands Retail Network Amid Rapid Growth

Ola Electric has engaged Ernst & Young to strengthen regional compliance as it rapidly expands its retail network to 4,000 stores nationwide. The company is transitioning to a direct-to-store distribution model and has clarified its sales reporting process. Ola is also applying for trade certificates in Maharashtra following RTO raids and is moving its registration process in-house.

08Apr 25

Ola Electric Reports High Prepaid Orders, Clarifies Sales Data

Ola Electric announced that nearly 90% of their orders were fully paid at placement, indicating strong customer confidence. The company clarified its February sales figures, emphasizing that they represent paid and confirmed orders, including new product launches. Ola uses a tech-enabled direct-to-consumer sales model, recognizing revenue upon vehicle registration and delivery.

08Apr 25

Ola Electric Clarifies February 2024 Sales Data Amid Scrutiny

Ola Electric has addressed concerns about its February 2024 sales figures following questions from the Ministry of Road Transport and Highways. The company stated that 90% of reported orders were fully paid, representing genuine customers. Revenue is recognized only upon vehicle registration and delivery. This clarification comes after the Ministry requested information on vehicle registrations and trade certificates. The incident highlights the need for transparent reporting practices in India's growing EV market.

04Apr 25

Ola Electric Faces Regulatory Hurdle in Maharashtra Amid Launch of #HyperDelivery Initiative

Ola Electric, India's largest EV company, has been issued a notice by the Maharashtra government for allegedly operating without a valid trade certificate. Despite this setback, the company has launched #HyperDelivery, a program offering same-day vehicle registration and delivery. The initiative, which uses AI automation and in-house registration, is being piloted in Bangalore with plans for nationwide expansion.

03Apr 25

Ola Electric Revolutionizes EV Delivery with Same-Day 'Hyperdelivery' Service

Ola Electric has launched 'Hyperdelivery', a service allowing customers to receive fully registered electric vehicles on the same day of purchase. The AI-powered system streamlines the registration process, eliminating middlemen and reducing waiting times. Initially piloted in Bangalore, the service will be rolled out across India in the current quarter. Customers can complete purchases online or in-store and receive their registered vehicles within hours.

01Apr 25

Ola Electric Reports Strong March Sales, Clears Registration Backlog

Ola Electric announced sales of 23,430 units in March 2025, indicating robust demand across urban and rural markets. The company has made significant progress in clearing registration backlogs from February and improving daily registration volumes. Ola Electric also began deliveries of its Gen 3 portfolio in March, with demand exceeding initial expectations. The company plans to increase production in April to facilitate faster deliveries. In compliance with SEBI regulations, Ola Electric will close its trading window for insiders from April 1, 2025.

29Mar 25

Ola Electric Under Scrutiny: Transport Ministry Issues Showcause Notice Over Sales Discrepancy

India's transport ministry has issued a showcause notice to Ola Electric due to a significant mismatch in February sales records. The company claimed to have sold 25,000 electric scooters, but only 8,652 were officially registered. The notice addresses concerns about unregistered scooters, delivery without number plates, and sales without trade certificates. Authorities have conducted raids on Ola Electric stores and demanded explanations for the discrepancies.

28Mar 25

Ola Electric Under Scrutiny: Third Notice from Transport Ministry Over Sales Discrepancy

Ola Electric faces regulatory challenges as the Ministry of Road Transport and Highways issues a third notice over a mismatch in reported sales figures. The company claimed 25,000 electric scooter sales in February, but only 8,652 were officially registered. The ministry has given Ola Electric seven days to explain the discrepancy. The company is also facing regulatory actions in multiple states, including sealed showrooms, potentially impacting its operations and reputation in the competitive EV market.

25Mar 25

Ola Electric Resolves Financial Dispute with Rosmerta Group, NCLT Petitions Withdrawn

Ola Electric Mobility Limited has settled all outstanding dues with the Rosmerta Group. The Rosmerta Group has filed for withdrawal of petitions from NCLT, Bengaluru, which were previously submitted under Section 9 of the Insolvency and Bankruptcy Code. Ola Electric emphasized its commitment to maintaining strong business relationships and timely resolution of commercial issues. The company also announced upcoming investor and analyst meetings scheduled for March 27, April 1, and April 8, 2025.